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Thursday, December 20, 2018

Karnataka Bank Ties up with Paisabazaar.com for Home Loans

Paisabazaar.com, India’s largest online marketplace for financial products, and Karnataka Bank today announced a strategic partnership to offer the bank’s home loan product to customers on the Paisabazaar platform.Through this partnership, consumers will now be able to choose and apply for a home loan from Karnataka Bank, directly through the Paisabazaar platform.Paisabazaar.com works with 30 partners for its home loan product, which includes India’s biggest private and public banks and HFCs.“With an increasing number of consumers using digital channels to meet their lending needs, Karnataka Bank is excited to partner with Paisabazaar.com, to offer our home loan product to a massive customer base. Together, we aim to offer simple and convenient processes to help our customers meet one of their biggest life goals, that of buying their own home,” said Mr. Mahabaleshwara M S, Managing Director & C.E.O., Karnataka Bank."As a market leader, we aim to provide maximum choice to our consumers, across products. This convenience of choice becomes particularly relevant for products with long-term commitment, like home loans, as the the right product can help consumers save significantly in the long run," said Mr. Naveen Kukreja, CEO & Co-founder, Paisabazaar.com. "Paisabazaar.com is delighted to bring Karnatka Bank on board. We expect strong traction towards Karnataka Bank’s home loan product on our platform, thanks to their user-friendly processes and attractive product features including interest rates,” said Ratan Chaudhary, Associate Director & Head of Home Loans, Paisabazaar.com.